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insurance premiums for customers down the road. here in new york city, commerce has been crippled. and power is not expected to be restored in many areas until next week. i.h.s. global predicts that if the a as affected by sandy lose a quarter of their output for just two days, it would knock out $25 billion off u.s. economic growth in the fourth quarter. that could be as much a 0.6%. but longer-term, some of the financial losses should be recovered by repair and rebuilding eorts. home improvement stores like home depot and lowes wngl likely get a boost in sales. many construction jobs will be created to rebuild homes and businesses. and governments will be spending huge amounts of money to repesr subways, roads, and bridges sor allf those efforts should help boost economic activity early next year.e erika miller, "n.b.r. new york. >> susie: joining us now for a closer look at sandy's economic impact, mark zandi, chiefb. economist at moody's analytics. you know, mark, people often hear that when there's a sdater like zandi, that it's actually a boost to the economy. is that going to be rue i
-and-mortar renovation of it's flagship store in new york city. it's also investing in technology to beef up it's online presence. "n.b.r.'s" ruben ramirez caught up with macy's c.e.o. terry lundgren in new york this morning and began by asking him how sales are going. both in store and on-line. >> they're both growing and that's the good news for us and while the online business has been spectacular for macy's for several years, we really look at the consumer as an omnichannel consumer. so she comes in, she does her research on her phone. she decides what store she wants to shop. what items she wants to shop for. maybe going back to her desk and pulling the trigger there. so i think that's what happening today. so the line between online and physical stores is blurred. >> reporter: the past several years consumers have opened their wallets around the holidays but come january it seemed that that optimism faded. what are you expecting come january 2013? >> we've had 11 consecutive quarters of consistent growth of sales and earnings at macy's inc. we've found the formula. a lot of retailers depend on jan
Search Results 0 to 5 of about 6 (some duplicates have been removed)